Timothy Sumer

Source: There are ways to invest tax-efficiently, and you don’t necessarily need a Roth or IRA, or 401(k) to do that. How so? David answers three questions from the mailbag today from listeners who are facing different investing decisions. From what to do with an inherited IRA to making wise financial decisions that can impact future generations, there are ways you can approach these situations strategically.   Here are the questions we cover today: Mailbag: Am I required to take distributions annually on inherited IRAs? (2:53) Mailbag: Should I merge old 401(k) accounts? (5:25) Mailbag: How does inheriting a Roth IRA work? (9:29)   For additional resources or to contact David, visit us online at or call 913-317-1414.... ( read more ) LEARN MORE ABOUT: IRA Accounts TRANSFER IRA TO GOLD: Gold IRA Account TRANSFER IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA Episode 221: Mailbag- How Does Inheriting A Roth IRA Work? In a recent epi

Source: On this episode of DIY Money, Quint and Daniel discuss how to invest an Inherited IRA.... ( read more ) LEARN MORE ABOUT: IRA Accounts TRANSFER IRA TO GOLD: Gold IRA Account TRANSFER IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA How to Invest an Inherited IRA Inheriting an Individual retirement account (IRA) is a great way to secure your financial future. An inherited IRA allows you to save for retirement while benefiting from tax advantages. However, knowing how to invest this newly acquired account can be overwhelming. In this article, we will guide you through the steps to effectively invest your inherited IRA. 1. Understand the type of inherited IRA: There are two types of inherited IRAs: the spousal and non-spousal. Spousal inherited IRAs have more flexibility and offer the option to treat the account as their own. Non-spousal inherited IRAs require a different distribution method. Therefore, it is crucial to determi

Source: What should you do with those retirement savings? Whether you are leaving a job or navigating big expenses in retirement, David is here to answer a few questions from the mailbag.   Key topics on this episode:  1:32 - Mailbag: Should I spend money on home updates in retirement? 8:24 - Mailbag: Should I convert my IRA rollover into a Roth?   For additional financial resources, visit us online: ... ( read more ) LEARN MORE ABOUT: IRA Accounts TRANSFER IRA TO GOLD: Gold IRA Account TRANSFER IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA Mailbag: Should I Convert My IRA Rollover Into a Roth? Many members of the American workforce have questions about their retirement accounts. Recently, one of our readers asked about converting an IRA Rollover into a Roth account. This is a question that has been weighing on many people's minds, so we thought it would be a good idea to address it in this article. First, it's essential t

Source: On this episode of DIY Money, Quint and Daniel discuss the differences between a 401K and a 403B.... ( read more ) LEARN MORE ABOUT: Retirement Planning REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing https://inflationprotection.org/401k-vs-403b/?feed_id=66403&_unique_id=63da0ed54b439 #Inflation #Retirement #GoldIRA #Wealth #Investing #budgeting #indexfunds #investing #personalfinance #podbean #r #403b #budgeting #indexfunds #investing #personalfinance #podbean #r

Source: In this episode, podcast host and author of “Control Your Retirement Destiny” covers Chapter 3 of the 2nd edition of the book titled, “Social Security.” If you want to learn even more than what there is time to cover in the podcast series, you can find the book “Control Your Retirement Destiny” on Amazon. Or, if you are looking for a customized plan for your retirement, visit us at sensiblemoney.com to see how we can help.   Chapter 3 – Podcast Script Hi, this is Dana Anspach, the founder and CEO of Sensible Money, a fee-only financial planning firm. I’m also the author of the books Control Your Retirement Destiny and Social Security Sense. CYRD was initially published in 2013, and the 2nd edition came out in 2016. Why a 2nd edition? Well in Nov. 2015, some of the Social Security laws changed. The 2nd edition incorporates all these changes. The good news is that in this podcast, where we cover Chapter 3 on Social Security, everything we’ll talk about uses current r